Klm Axiva Finvest Limited (ncd Aug 2019) Details

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KLM Axiva Finvest Limited (NCD Aug 2019) Details

KLM Axiva Finvest Limited is a non-store taking and non-methodicallly import non-banking fund company(NBFC). The organization basically serves low and center salary people and organizations. The NCD issue has opened on August 28, 2019, and will be shut on September 26, 2019. What's more, the security type is Secured, Redeemable, Non-convertible Debentures(Secured NCD's)The face estimation of the NCD bond is Rs 1000.

The base venture is for the 5 bonds. Means, you have to contribute for at least Rs 5,000. Past this, you can invest resources into products of 1 bond. FICO assessment "CARE BB+; Stable", Care Rating Limited.

As on June 30, 2019, KLM works through 125 branches across three states in particular Kerala, Karnataka and Tamil Nadu oversaw by the corporate office situated at Kochi.

KLM Axiva Finvest NCD Aug 2019 Detail

Issue Open Aug 28, 2019

Issue Close Sep 26, 2019

Issue Size (Base) ₹100.00 Crores

Issue Size (Shelf) ₹125.00 Crores

Issue Price ₹1000 per NCD

Posting At BSE

ISSUE ...
... DETAILS:

To back its ahead loaning (half), reimbursement of intrigue and head of existing advances (40%) and general corpus support (10%) needs, KLM is coming out with its subsequent obligation offer for ₹100 cr. by means of made sure about, redeemable nonconvertible debentures having an assumed worth of ₹1000 per NCD.

It has a greenshoe alternative to hold oversubscription to the tune of Rs.25 crore, in this way making by and large obligation offer size to ₹125 crores. KLM will burn through ₹1.26 crore for preparing everything of ₹125 cr. what's more, the rest will be utilized for the monetary needs referenced here above.

Least application is to be made for 5 NCDs (for example ₹5000) and in products of 1 NCD (₹1000) consequently, from that point. These instruments have residency of 400 days, 2 yrs., 3 yrs. also, 5 yrs. It has residency of 45 months and 75 months extra arrangement with combined intrigue choices as it were.

It offers coupon rates going from 11.00% to 12.00% and the premium installment mode accessible for Monthly, Annually or Cumulative, according to the selection of financial specialists. This offer has lower coupon rates contrasted with its Tranche I offer. Assignment and trading will be done in Demat mode as it were.

NCD's Offered:

NCD offered in every financial specialist class

Category NCD's Reserved

Classification 1 (QIB) 100,000

Classification 2 (NII) 400,000

Classification 3 (HNI) 500,000

Classification 4 (RII) 0

All out NCD's 1,000,000

KLM Axiva Finvest NCD Aug 2019 Live Subscription Status:

How frequently KLM Axiva Finvest NCD Aug 2019 bought in till now?

Class 1 (QIB) 2 (NII) Category 3 (HNI) Total

NCD's Offered > 100,000 400,000 500,000 1,000,000

Day 1

Aug 28, 2019 19:58 0.00x 0.04x 0.03x 0.03x

Day 2

Aug 29, 2019 19:58 0.00x 0.11x 0.06x 0.08x

Day 3

Aug 30, 2019 17:00 0.00x 0.15x 0.11x 0.11x

Day 4

Sep 2, 2019 19:58 0.00x 0.15x 0.11x 0.11x